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20121129
20121207
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on the rich. >> yes. speaker of the house john boehner not willing to budge on demands to end the bush year tax cuts but is offering a 2.to kbrinl reduction plan as a counter proposal to ending breaks. this afternoon, house speaker spent the president a letter outlining $800 billion through tax reform. but the cuts remain in place. the plan calls for $600 billion in savings from health sources, $300 billion in additional mandatory savings. sound vague to you? abc 7 political analyst says that is part of the game. >> every time you make cuts at this point, you're affecting some constit twensys going to get mad at you. >> the president is asking for $1.6 trillion in new revenue over next 10 years mostly from the rich. speaker boehner offering half of that amount through his tax reforms and if they can't find an agreement it means on january 1 nearly every american will pay more income tax, between 2000 and $2400 for average families. san francisco cafe distill, the owner says we can pay that. if his employees have to pay, that would hurt. >> $2400 makes a big difference for employees making b
up. is there any prospect of a face-to-face meeting between the president and house speaker john boehner in the coming days? and how are they getting along these days? >> reporter: it's unclear how well they're getting along. but speaker boehner did come to the white house for the party at the white house. for the annual congressional party for christmas. but this year, speaker boehner did not pose for a photograph with president obama. that raised some eyebrows certainly. it doesn't seem the two are getting along very well. but at some point, president obama will have to come into the negotiations and get involved himself. >> that meeting is not set yet. jake tapper, thanks very much. >>> george, now, to the potentially lethal carbon monoxide leak at an atlanta elementary school. >> hubie: 50 teachers and students were sent to the hospital monday. firefighters discovered the unsafe conditions. and now, parents are asking, why the school reportedly had no carbon monoxide detectors located inside. steve osunsami has the story. >> reporter: it was a shocking scene, played out on li
yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> the president saying he's not going to negotiate on that, either. >>> now, to a major headline for parents about a popular affordab
to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the next ten years. and effectively ending congress' ability to vote on the debt limit. an unlimited ability to borrow more money. republicans may agree to more taxes. but not that much more. and they certainly aren't going to agree to more spending. and they're going to demand real spending cuts. this wouldn't get a single republican vo
. >> and speaker of the house john boehner sent a nice little hallmark card, a letter to the president. i want to read you an excerpt. he set the american people rightly expect both parties to come together on a fair middle ground and address the nation's most pressing challenges. the proposal calls for $1.6 trillion in new tax revenue, twice the amount you supported during the campaign. we cannot in good conscience agree to this approach, and sent over this doozy of a letter, which is neither balanced or realist realistic. >> center the letter with signatures to the president you. hope this wasn't preorchestrated. to drum up support for their bases. >> there are some who are cynical, and saying all this is choreographed. they know what the final deal is going to be. every side has to take the steps to appear they're fighting and appease their base. we'll see. 11 days to the first sort of deadline in this, so stay tuned, folks. >> we will. >>> and now to the increasingly dangerous situation in syria. new intelligence reports show that syria's government may be preparing chemical and biological
Search Results 0 to 4 of about 5